Germany: Laissez l'état faire instead of laissez faire
Präsentation
from 20. October 2026
Members Only
Germany’s government spending ratio has risen by 7 percentage points in just a few years, reaching 52% of GDP. At the federal level alone, new borrowing amounts to around €200 billion per year. This significant shift in the role of the state has substantial implications for financial markets. Five years ago, 10-year German government bonds yielded around -0.2%; today, yields are around 3.5%.
In this webinar, we will look at what is driving these changes and what they mean for financial markets.
Please note that the presentation must not be shared.
